Skip to main content

Posts

Showing posts from May, 2023

Saudi Vision 2030: The End of Oil & Gas Dominance Or a New Beginning?

For a long time, Saudi Arabia has been associated with the oil and gas industry but the government is working to diversify the economy and create new industries in the non-oil sectors.  One of the key initia tives is Vision 2030, a long-term plan to transform the country into a global investment powerhouse and a hub for innovation. Will Vision 2030 hinder the growth of the oil & gas sector? Could Jubail, the world's largest industrial city and a thriving hub for the oil & gas industries in Saudi Arabia face significant changes in the years to come?  What does the future hold for the extensive ecosystem of oil and gas workers, professionals, contractors, subcontractors, and industrial material suppliers in Jubail? The oil-rich kingdom is investing billions of dollars in new industries, including tourism, entertainment, and technology. Some of the most ambitious projects include: NEOM, a $500 billion futuristic city in the northwest The Red Sea Project, a $50 billion l...